Three 16,000 TEUers to be built in China

The company of Shanghai Jiangnan Changxing Heavy Industry has signed a shipbuilding agreement with CSSC Shipping (Hong Kong) to construct 3 16,000-TEU vessels, the largest ever constructed by Chinese shipyards.

Jointly designed and projected by Waigaoqiao Shipbuilding and CSSC-affilated Marine Design & Research Institute of China (MARIC), 2 of the mega vessels are going to be constructed at Jiangnan Changxing Heavy Industry and 1 is planned to be constructed at Waigaoqiao Shipbuilding.

The 1st mega 16,000-TEU vessel in the deal is expected to be delivered in September 2015, saying it is presumably that either COSCO or China Shipping are going to charter the new mega ships.

The contract comes after state-run shipbuilding group, CSSC, established a vessel-owning arm in Hong Kong in 2012 in a bid to drive business.